Lake Mack-Forest Hills, FL is a beautiful town located in the Central Florida area. With its proximity to major attractions such as Walt Disney World and Universal Studios, it has become an attractive destination for both holidaymakers and residents alike. The cost of living in Lake Mack-Forest Hills is quite low; 2 bedroom rent averages $1,240 compared to the national average of $1,430. Groceries are also relatively inexpensive with a grocery cost index of 99 versus 100 nationally. Its economy is mainly based on tourism with many local companies providing services related to the industry such as restaurants, hotels, transportation services and more. In addition to tourism, there are other industries that contribute to its economic growth including manufacturing, finance and technology companies. All these factors combine to make Lake Mack-Forest Hills a desirable place to live or visit.
Lake Mack-Forest Hills has an unemployment rate of 5.3%. The US average is 6.0%.
Lake Mack-Forest Hills has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 51.2%, which is higher than the US average of 33.5%.
Tax Rates for Lake Mack-Forest Hills
- The Sales Tax Rate for Lake Mack-Forest Hills is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Mack-Forest Hills is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Mack-Forest Hills
- The average income of a Lake Mack-Forest Hills resident is $17,627 a year. The US average is $28,555 a year.
- The Median household income of a Lake Mack-Forest Hills resident is $96,739 a year. The US average is $69,021 a year.